Citigroup Raises Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target to $36.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price objective hoisted by research analysts at Citigroup from $24.00 to $36.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s target price points to a potential upside of 3.93% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on HASI. Jefferies Financial Group began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price target for the company. The Goldman Sachs Group boosted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Mizuho raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Royal Bank of Canada started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price objective for the company. Finally, Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.6 %

NYSE:HASI traded up $0.20 during trading hours on Tuesday, hitting $34.64. The company had a trading volume of 321,634 shares, compared to its average volume of 1,031,819. Hannon Armstrong Sustainable Infrastructure Capital has a 1 year low of $16.60 and a 1 year high of $36.15. The company has a market cap of $3.95 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.29 and a beta of 1.98. The company has a 50-day moving average of $33.49 and a 200 day moving average of $31.22. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. The firm had revenue of $94.52 million during the quarter, compared to analyst estimates of $30.97 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Sell-side analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock valued at $348,009,000 after purchasing an additional 713,519 shares in the last quarter. Vert Asset Management LLC grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.9% in the 1st quarter. Vert Asset Management LLC now owns 45,742 shares of the real estate investment trust’s stock valued at $1,299,000 after buying an additional 2,148 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter worth $248,000. Insight Folios Inc lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 5.1% in the first quarter. Insight Folios Inc now owns 23,078 shares of the real estate investment trust’s stock valued at $655,000 after acquiring an additional 1,122 shares during the last quarter. Finally, Everett Harris & Co. CA boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 5.8% in the first quarter. Everett Harris & Co. CA now owns 14,600 shares of the real estate investment trust’s stock valued at $415,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.